Here I shall log my transactions that I take. I trade Eur/Usd.
Cheers,
Hi Cooney,
I Agree with one to go long on EURUSD
here is my reason's to go on the long side;
1. The Major Trend is still to the upside
2. There's a buy signal in my MACD indior
3. Price is obtained supported on the Pivot Level
4. About the 4H there was a spinning top candle which is a reversal sign for me personally
5. The Spinning Top is obtained supported at the Pivot Weekly
So there are lots of hint for me to go long also on this pair however, I don't quite agree with to not use a stop loss.
For me personally the stop loss should be at 1.5688 and my Target is at 1.5864 that is the 127 Fib Expansion from high at 1.5813 to non at 1.5692
Cheers...
Before this morning I shorted at 5668 and closed at 5632 for a very simple 36 pips.
Cheers!